Last year Americans lost more than $16 Billion dollars to scams. That’s Billion with a B. While many of us believe we are savvy enough to spot a scam, the scammers are often one – or sometimes 2 or 3 – steps ahead.
Anyone can become the victim of fraud, but seniors are much more vulnerable and often, have the most to lose.
Since October is Cybersecurity Awareness month, I am going to share 10 tips to recognize and ward off scams in this episode of The Retirement Fix, a monthly podcast for less stress and more success in your go-go retirement years.
I’m your host, John Gigliello, a CERTIFIED FINANCIAL PLANNER™ with the Albany Financial Group and I’m here to be your guide to keeping more of your hard-earned money by making smart financial decisions in retirement. This podcast is for people nearing or in retirement who want to learn more about proactive tax planning, retirement income planning, social security timing, investment management and asset protection. After a life-altering health issue at age 39, my calling in life became clear: To share my knowledge of personal finance with people who are looking to make smart and responsible choices with their money.
To find out more about the services I offer, visit https://www.jgigliello.com.
When I say anyone can become the victim of cybercrime, I’m serious. Listen to these staggering 2024 statistics from the FBI:
· The FBI’s Internet Crime Complaint Center (IC3) received more than 800,000 complaints about cybercrime, of which 250,000 cases resulted in actual losses.
· The average loss was just over $19K per victim, with total losses topping $16 Billion.
· Losses due to cybercrime rose 33% in 2024 over 2023.
· Since it’s inception in 2000, IC3 has received more than 9 million complaints.
John Gigliello
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